Month: January 2022

SB Real Estate Partners Acquires Bloom 24 Apartments in Phoenix for $34.2 Million

Irvine, CA – SB Real Estate Partners (“SBREP”) has acquired Bloom 24, a 114-unit garden style multifamily community in Phoenix AZ for $34.2 million.   While recently selling two of its Phoenix properties for nearly $100 million, SBREP remains an active buyer within the Phoenix apartment market.  The firm has two properties – equating to …

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SB Real Estate Sells Phoenix Portfolio for $96M

By Olivia Bunescu– January 19, 2022 SB Real Estate Partners has sold a multifamily portfolio including Portola at Grovers Park and Portola West Valley, both in Phoenix. Rise48 Equity acquired the properties totaling 365 units for $96.4 million and is planning an $8 million refurbishing plan bringing upgrades to all unit interiors as well as property exteriors. Rise48 Equity is …

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SB Real Estate Partners Sells Phoenix Multifamily Portfolio to Rise48 for $96.4 Million

Irvine, CA (January 18, 2022) — SB Real Estate Partners (“SBREP”) has completed the sale of a two-property, 365-unit multifamily portfolio in Phoenix, AZ to Rise48 Equity for $96.4 million. The sale, structured as separate transactions closing two weeks apart, included the 141-unit Portola at Grovers Park in North Phoenix and the 224-unit Portola West …

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